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The Weekly Wrap – Russia’s invasion overshadows economic data
Outside the United States The private sector PMI and consumer confidence figures caught the eye earlier this week. While consumer confidence weakened in February, private sector activity picked up. According to preliminary figures, the all-important services PMI fell from 51.2 to 56.7. In the 2n/a mid-week, fourth-quarter GDP, unemployment insurance claims, inflation, personal spending and …
Russia Heads for Kyiv, Stocks Rebound, Economic Data Deluge
© Reuters By Peter Nurse Investing.com — Russian troops continued to advance on Ukraine’s capital Kyiv as Moscow defied new sanctions imposed by Western powers. European stocks rebounded, but Wall Street is expected to open lower ahead of a deluge of economic data that could guide the Federal Reserve at next week’s policy-setting meeting. Crude …
Stock market losses after Ukraine invasion moderate on economic news – 24/7 Wall St.
Invest February 24, 2022 10:49 a.m. US markets opened sharply lower on Thursday morning as traders rushed into stocks and invested in safeties like bonds and gold. The Dow Jones Industrialists and the S&P 500 opened down about 2.5%, while the Nasdaq was down more than 3% at the opening bell. In the first half …
Economic data set for Thursday
The fourth quarter gross domestic product report is scheduled for release at 8:30 a.m. ET. The country’s GDP is expected to grow by 7% in the fourth quarter, according to the second estimate. Data on initial jobless claims for the past week will be released at 8:30 a.m. ET. Analysts expect jobless claims to fall …
The global economic system is in dire need of an overhaul
The global multilateral economic system has been tested twice in this century. The first time was with the global economic crisis of 2008; the second – with the COVID-19 pandemic. And the results are not good. As more than six million lives were lost across the world, the deteriorating climate continued to take a greater …
Pamplin Media Group – Oregonians disappointed by legislative hope despite good economic news
The survey shows more pessimism than a decade ago, when unemployment was higher amid the recovery from the Great Recession It is a paradox. The state legislature is awash with money. Oregon’s COVID cases are among the lowest in the nation. And yet, only 31% of Oregonians are optimistic that the current short session of …
The global economic system is in desperate need of an overhaul | Opinions
The global multilateral economic system has been tested twice in this century. The first time was with the global economic crisis of 2008; the second – with the COVID-19 pandemic. And the results are not good. As more than six million lives were lost across the world, the deteriorating climate continued to take a greater …
Stocks feed on gas sector gains amid strong economic data
The gas sector sparked a capital market rally on Friday, cheering new legislation to reduce circular debt, amid upbeat FDI and industrial production figures, dealers said. The benchmark Pakistan Stock Exchange (PSX) KSE-100 Shares Index closed at 45,675 points at the end of Friday’s session against 45,441 points, gaining almost 235 points or 0.52%. A …
The Weekly Wrap – Russia and Ukraine eclipse economic data
Statistics It’s been a busy week on the economic calendar in the week ending 18and February. A total of 66 stats were monitored, following 31 stats the previous week. Of the 66 statistics, 33 are ahead of forecasts, with 26 economic indicators below forecasts. There were 7 stats that were in line with the forecast …
European markets close lower as geopolitical tensions and weak economic data hurt sentiment
(RTTNews) – European markets closed weak on Friday, extending recent losses, as an escalation in tensions between Russia and Ukraine hurt sentiment. The growing possibility of Russia invading Ukraine made the mood extremely cautious, and the major markets, despite a period in positive territory, failed to hold onto their gains and ended on a negative …
Trying to Sell the EUR/GBP After UK and Eurozone Economic Data
EUR/GBP has been on a downtrend since the start of 2021, with GBP significantly stronger than the EUR. GBP/USD made bigger gains than EUR/USD during the bullish period following the start of the pandemic, until last summer, and since then EUR/USD has become more bearish than the cable. This shows that the GBP has had …
The ECB and economic data put the euro and the dollar in the spotlight
Early in the day: The start of the Asian session was busier. The Japanese yen and Australian dollar were in action in the early hours of the day. Entering the Asian open, markets also responded to the FOMC meeting minutes overnight. For the Japanese yen In January, Japan’s trade deficit widened from 583.3 billion yen …
USD/CAD struggles at 1.2700 after US and Canadian economic data ahead of FOMC minutes
US retail sales exceeded expectations, but Canadian inflation exceeded the 5% threshold. Market sentiment shifted to risk aversion following US Secretary of State Blinken’s remarks that Russia is moving troops to the Ukrainian border. USD/CAD is neutral on the upside, but USD/CAD buyers need to recover 1.2700. In the North American session, USD/CAD extended its …
Stock market decline ‘perplexed’ amid strong economic data and earnings: strategist
Huntington Private Bank CIO John Augustine joins Yahoo Finance Live to discuss the state of the stock market as geopolitical tensions persist and U.S. retail sales report data for January. Video transcript AKIKO FUJITA: We see the Dow falling again today in this session after breaking a three-day losing streak. At present, it is down …
Austrian Economic News and Analysis – Vindobona.org
Read the latest headlines on the Austrian economy, including inflation, domestic product (GDP) growth, national debt and labor market news The recovery is expected to accelerate in 2010 and 2011 as business and foreign demand policies remain broadly supportive. May 26, 2010 The Austrian gas price index – ÖGPI (C) – registered an increase in …
Economic data puts Euro, Pound and US Dollar in focus
Early in the day: It’s a busier start to the Asian session. In the early morning, 4and Japan’s quarterly GDP figures sparked interest. Later in the morning, the minutes of the RBA meeting and final Japanese industrial production figures are also due to be released. Expect the RBA meeting minutes to be critical as markets …
FTSE 100 sheets; Midcaps set to be best week of 2022 after GDP data
(For a live blog from Reuters on the US, UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * BAT up on sales jump, 2 billion share buyback * UK economy shrank less than expected in December * FTSE 250 set for best week this year * FTSE 100 down …
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UK stocks slip, but record their best week so far in 2022
A man takes shelter under an umbrella as he walks past the London Stock Exchange in London, Britain August 24, 2015. REUTERS/Suzanne Plunkett Join now for FREE unlimited access to Reuters.com Register BAT on sales jump, share repurchase of 2 billion Britain’s economy shrank less than expected in December FTSE 100 down 0.2%, FTSE 250 …
Economic data puts the pound and the US dollar in the center of attention
Early in the day: The start of the Asian session was busier. The Kiwi Dollar was in action this morning as markets reacted further to Thursday’s US inflation data. For the kiwi dollar In January, the business PMI fell from 53.7 to 52.1. However, the electronic card retail sales figures had a greater influence. In …
Economic forecasts and economic data put the euro and the dollar in the spotlight
Early in the day: It’s a particularly quiet start to the Asian session on the economic calendar. There are no major statistics for the markets to consider at the start of the day. The Majors At the time of writing, the kiwi dollar fell 0.04% to $0.6681, with the japanese yen down 0.01% to ¥115.530 …
No economic news may be good news for stocks
No news can be good news on another day of light economic news. There are several earnings announcements, but no big companies that are likely to have far-reaching effects on the market. and yields were lower before the market opened. Lower oil and yields help reduce investor fears as Cboe market Volatility Index () was …
No economic news may be good news for stocks, because…
JJ Kinahan, Chief Market Strategist, TD Ameritrade (Wednesday Market Open) No news may be good news as stock index futures point to a higher open on another day of light economic news. There are several earnings announcements, but no big companies that are likely to have far-reaching effects on the market. The pre-market move higher …
Economic data: error or truth?
Economic data: error or truth? Financial analysts, rating agencies and national governments are often obsessed with analyzing the next set of economic data, especially the highs and lows of GDP – a key macroeconomic indicator – which usually reflects the health of a economy. The reason for this obsession is that many local investment decisions …
The week ahead – Central bank chatter, economic data and geopolitics in brief
On the macro It’s a quiet week ahead on the economic calendar, with the XX stats at the center of the week ending on the 11th.and February. The previous week, 76 statistics had been developed. For dollars: At the beginning of the week, the statistics are limited to December trade data which will have a …
Oceanside Economic News for February: Open Now and Coming Soon
OCEANSIDE, CA – February follows the recent trend of many new businesses opening or soon to arrive in Oceanside. The patch has you covered with the latest Economic Development News courtesy of the City of Oceanside. UNDER CONSTRUCTION the Freeman Collective is a project of FABRIC which will transform two buildings at 510 Vista Way …
Will Chinese ETFs feel pressure from weak economic data?
The world’s second-largest economy saw some slowdown in factory activity in January. According to data from the National Bureau of Statistics (NBS), the official Purchasing Managers’ Index (PMI) for the manufacturing sector stood at 50.1 in the first month of 2022, down from 50.3 in December. However, analysts projected the reading at 50. Notably, any …
European stocks end higher amid flurry of economic data
European stocks ended the first day of February in the green, continuing their rally from Monday, as investors closely watched economic data from the region. The French CAC increased by 1.4%, the Stoxx Europe 600 and the Swiss Market Index each increased by 1.1%. The FTSE 100 in the UK and the DAX in Germany …
Bad economic news for American consumers
A variety of economic reports were released last Friday. They confirm the rise in prices of , , , and , as shown in the following charts. Bad news for consumers and to deviation from Wall Street expectations for higher stock prices and higher corporate earnings for 2022. I will repeat what I said in …